Investors & Landlords Tax Forum Q&A

If we filed a K-1 form in previous years, from an Investment Bank, don't we need to continue? We haven't received the K-1 yet.

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Tax consequences of demo rental house and rebuild on same property

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If I sell RSU stocks same day they were granted or within 30 after they were granted, is wash sale applicable ?

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How do I declare money from a sublet?

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Can I use my previous years capital gain loss carryover without any capital gains this year

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Where should I deduct home warranty expenses on a rental property?

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Depreciation never taken on rental property

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I rented a portion of my home for about 5 months last year. How do I properly allocate items such as mortgage interest and property taxes when I also itemize?

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I have a capital loss carry over from year to year I didn't see anywhere to enter thst this year

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Do I deduct utilities for a rental if the tenant is paying for the seperately from rent?

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Accessory Dwelling Unit Rental

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Do I correct prior returns if I forgot to exclude the land value from my cost basis when I started depreciating my rental property in 05 using TT? I've over depreciated.

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Do we need to pay tax on capital gains in an IRA?

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When will the new rental depreciation rules be in place?

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Where to enter long term loss on stocks from 1099-B form

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I have bought a new heater for the rental property, I don't have the receipt for it. Can I log it?

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Bought a rental house in 2018. "Tell Us More About This Rental Asset" page option is "I purchased this asset new". House is new to me of course, but not "new".

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Where do I enter the sale of rental property

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1040 line13 capital gains more than summary pg Stocks, Mutual Funds & Bonds. Why?

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What is considered income on a rental property?

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I paid $750 to an stock advisor for specific Stocks and Options trading instruction. Is there a tax break associated with that expense?

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If I have 3 rent houses where tenants pay me rent directly but I pay the property manager for management, labor and expenses, should I issue a 1099 to him for that money?

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I failed to enter a HOA fee I paid on my rental property in Houston, Texas.

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I own one house which i rent below market value. Do I enter the taxes, interest and PMI deductions under Property or Rental Income?

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Does the rental income include the mortgage paid on the property?

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Am I a 100% owner of my rental property if I'm still making mortgage payments on it?

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I have a 1099S for royalties receive for mineral rights it should be a long term capital gains how do I enter this

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Do I have to file a Louisiana state tax return because I receive royalties from rental property there?

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Can someone guide me what the rental property carpet cost depreciation schedule is? IRS 527 Document says it is 5years but turbotax is doing it over 2.5 years?

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I rent a part of my house. Is it better to apportion mortgage to rental or claim full mortgage/real estate taxes etc in deductions?

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I would like to know if i give my car to a charitable org for using (not donating just allowing them to use ). Can i ask for tax receipts as rental for taxes

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I checked the yes box when asked about qualifying for the qualified business income QBI on my oil royalties. After research I think it's no. How do I get back to that?

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Do I enter my mortgage interest under my rental property and under the mortgage interest?

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I live in NC but own rental property in OH. Do I need to file OH taxes?

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I had a roommate. Where do I claim the rental income

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We had carpets replaced and bathrooms updated in our rental. TurboTax says asset class F rental furnishings and depreciates over 5 years. Is this correct?

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We purchased a vacation home in 2016 with money received for a rental property that burned in 2015. Where do I enter that information?

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For my rental property, my net income is in the negative, is this normal? This is my first rental and didn't rent till last week of Dec of 2017.

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I am stucked in rental property. for 2016 I have a duplex in Georgia. stay in one and rent one out. Now another property in florida single home. Good for rental/vacation?

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If I rented my home and earned rental income, can I write off my apartment rent as an expense?

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Do I use the NET rental income or TOTAL rental income for my NC non-resident state return?

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Incorrect form 8949 handling for incorrect cost basis with Part 1 Box B checked

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Can I deduct home owners insurance premiums paid for a rental property under "insurance premiums" in the"rental and royalty" section of my federal return/

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We purchased our parents property this year to avoid them losing the asset because of financial hardship. They do not pay rent. Should we report this a rental property?

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What changed in 2018 so that I can't take my rental property loss because I am married filing separately

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Do I file a nonresident state return if my rental prop (only available in Dec) had no income? Do I deduct a portion of the mtg interest under rental expense?

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I Have -$51,146.00 in Net Income of three Rental properties. My Federal Refund And State Balance due has not moved plus or minus. Is there a cap of what I can claim?

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Received both 1099B and 1099DIV forms and need to make sure we are not paying taxes twice

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1031 exchange: which date do I enter for item 3 on the 8824, date originally acquired for my home that I lived in, then rented out?

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My house is rented in NC for 795. Fair market is 1,200. Do I have to enter in all of my information. When I say the house wasn't at fair market all year, it deletes it

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Tax Year Prior to 2020: I filed my returns but later noticed that the mortgage interest I paid is shown in my itemized deductions and included in my rental property costs. What should I do?

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I have a Canadian oil royalty. Do I enter the income in Canadian funds or convert to US funds?

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Hi! We need to report rental income/expenses on our house which we do not own?

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Where to report capital gains/losses from the sale of the rental property?

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Converted residence to rental mid-way thru 2016 - do I pro-rate/divide the mortgage interest and property tax between rental schedule and regular deductions?

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If Turbotax lists National Financial Services. as the payer of $64 in royalties, but they are the brokers. Permrock Royalty trust is the actual payer can I change this ?

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Does the rental income include the total rent paid by tenant or total minus mortgage payment

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I have gifted real estate to my daughter in 2016 where and when do I have to report this? Maybe on my 2016 Federal or State Return for 2016?

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Personal use of property rented

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I "rented" our second home to my sister for ten months, but below fair market value, and collected $4080 from her as "rent". Since "personal use" where to list "income?"

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How do I file for return of backup withholding on inherited stock

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I'm planning for the current tax year. What is the tax rate for home rental income in Utah?

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Is there some reason entered rental expenses are being reduced?

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I live in california but have rental home in Michigan. Do I need to remove this home from my CA return and create a Michigan return for this property?

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Sale of develped land, not rental property

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On 1099-B, is date acquired (Box1b) the date the RSU was granted or vested

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This year I have a net rental gain, but TT is showing $0 rental income due to passive loss carryover. Do I report $0 income to NC, because Form 8582 will suffice?

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I have some rental properties. I only need to put my 1099 into the Scheduled E for Rental Properties and Royalties correct? I don't ALSO have to put it as income?

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I live in California and have rental income from rental property in Arizona. California it seems does not allow tax credit for tax paid to Arizona. Is this correct?

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Tiled floors in rental unit, chose election to expense, where enter?

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Is there capital gain on sale of a home which was used as rental property less than 5 years from being a primary residential home.

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Do I have to report both "disqualifying dispositions" W-2 and stock sale 1099-B?

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Entering stocks and bonds gains and losses

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I've previously depreciated certain assets related to a rental property on a 15-year Straight Line basis. How do I make a similar election in turbotax? The system is forcing me to use MACRS

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I am 1099-B section 1256 contracts and straddle. what does mixed straddle election, straddle by straddle identification election, and mixed straddle account election?

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Rental property loss

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I have a two bedroom condo which is a rental property. The tenants are three college students. What is the the type of rental: "Single family" or "multi family"? or "other"

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We own a rental property and pay homeowners association fees. Because it's a rental with tenants, I know the fees are tax deductible. However, included in the fees are certain utilities (water, sewer,...

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I have a fractional share value on a 1099-B and I'm getting an error that it's an invalid number

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I was charging below fair market rent in 2016 on a rental property, but I don't see where this affects my taxes. Where do I update this information?

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TurboTax is not accepting my rental expenses on Schedule E. What can I do?

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Reporting sale of shares of delisted common stock

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I drive 275 miles to one of my active rental properties in my personal vehicle to conduct inspections and repairs/maintenance. Are the miles driven to and from my residence considered commuting miles?

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I am retire and does not live in US during the year 2018. Do I still have to pay for the federal capital gains tax?

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My carryover loss is coming up at $3048, i thought it could not exceed $3000

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Is there a form to use for rental property purchase?

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Question about net income of multiple rental properties using turbotax?

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If I allow a tenant to provide lawn mowing service for my duplex in exchange for a discount on his rent, is that considered an "expense" that I can deduct?

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Is it better to treat gains and expenses from the trading and mining of crypto currencies (Bitcoin, Ether, Lite Coin, Ripple) as investment income or self employment?

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I bought a home last year in which my daughters live while going to college and collect rent from two others to help offset the mortgage. what type of rental is this?

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Do I need to report rental income that was below fair market value and was less than my mortgage interest and property taxes combined?

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Where do I enter capital gain from closing a new IRA after year it was created but attributing closure to same tax year?

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I own a one bedroom apartment, my boyfriend pays me rent each month, and we share the entirety of the apartment. Do I deduct 50% of all expenses against rental income?

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Should I see no ($0) Depreciation on Sch E Line 18 from the passive Rental Properties I purchased in 2018 though I entered Purchase Price, Land Value, Income & Expenses?

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Hi, how can i tell the turbotax is correctly splitting my long term and short term capital gains?

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Depreciation from adjusted cost basis

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How do I divide interest and prop taxes in deductions when home converted to rental mid year and tax records indicate full year?

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(Q.updated) I sublet my apartment that I don't own. My subletter paid rental company directly during the subleasing period. Does this count as my income?

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Would like Turbo Tax to reteive my 1099B FROM A BROKERAGE COMPANY

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How do I split the income from a single 1099-MISC between 2 separate rental properties?

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Entered 365 days for property personal use on the schedule E. However, I have 32 rental days. So I need to edit the personal use days but the system won't let me.

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Where can I add additional comments such as an ownership percentage of sales of stock

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Do you include a deposit with rental income

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Do I need to claim anything when i transferred personally owned rental property to a single owned LLC?

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I entered exactly sale of 708.94748 shares, but form says this is an incorrect number. What do I do?

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Where do I subtract accreted prepaid interest on my tax exempt muni bond?

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If I refinanced my house before renting last year, is the refinanced amount the original purchase price or no?

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How do i report miscellaneous expenses under 2500 on rental property? turbo tax keeps defaulting me to report as an asset not an expense?

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I received a late 1099B after filing my 2016 taxes. I worked out the figures and it came out to a Capital Loss of 44 cents. Do I need to file a revised tax return for 2016.

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I lived in Texas for entire year 2017. Had a rental Home in NY but sold for loss in 2017. Had Zero rental income in 2017. do I need to file taxes in NY ?

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My NJ state return is showing a gain on the sale of a rental property but it is not deducting all my prior year losses. Am I doing something wrong?

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Have 1 (one) share of a $158 stock that we had for easily 15-20 years. No records to show cost basis or date acquired. Sold in 2017. Just omit these two pieces of info?

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My capital gain (loss) appears on my schedule 3 that was filed with the software, but none of the detailed information regarding the stock market transactions appear.

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Should I skip the home ownership section of turbo tax if I rented out my home to someone else and filled in the business part of the form?

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Iso stock options

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I rent the second floor of my home to my brother. Do I have to report the rental income?

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New landlord, profit motivated but below fair market

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Online TurboTax Premier: it is calculating depreciation on rental property appliances at 200DB. Previous years were at 150DB. How do I change this for consistency?

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If you have separate royalty & rent income on same rental property, are incomes combined on one schedule E or on two separate schedule E (one rent, one royalty)

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Can I use the Fair Market Value at the time I converted a primary residence to a rental to calculate capital gains taxes owed?

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If I skip certain sections when I come back can I go back say to rental expenses and edit things?

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I have more than one rental property. Can I enter them all seperatly?

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My net sales price from employee stocks is in 1d of my 1099B. Turbotax calculates this for my cap gains sheet, but it is $.01 off due to rounding. How can I fix this?

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Should 1099-S info for a home that my husband co-owned with his ex, that she rented out, and was sold in '18, be entered in rentals that was sold or a second home?

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I have a singe family rental property for which I pay the monthly alarm monitoring, is that a utility expense?

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What is the 1099 k form I need to report rental income

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If I rent out the (1) home I own, should I be entering the same 1098 information twice for the same property? Meaning once as rental property & again as home I own?

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We sold a rental property that was our main home before leaving texas in 2003

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Where in Turbo Tax can I find "sale of a capital asset"?

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I had a rental property that flooded in Louisiana and received and insurance payment. The insurance settlement was more than the cost of the repairs. What do I do?

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Can we report the amount of rent we paid?

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RSU Stock Sale 1099-B

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Where should I enter the sale price of a rental property that I lived in during the time I owned the asset but non in the 5 years prior to selling it?

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If capital loss from stock trading brings your net income under the $15,000 threshold for single with no dependents, are you eligible for the Earned Income Tax Credit?

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I've received a 1099 MISC including advanced rent collected by the property manager. I did not receive that money. Should I report box 1 of 1099 or the real amount?

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Can I deduct twenty percent of the amount of rental income on my rental because its considered a business because we take care of it ourselves

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I cashed in several US Savings Bonds. My bank sent two 1099-INT statements showing each bond cashed by date. Do I enter each bond separately, or just one total in box 3?

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If I purchased a used golf cart to be used at my rental property by renters, can I report that as an asset?

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Rental unit mortgage interest and property tax

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Is late fee for rent belong to rent income?

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How/where do I include the recapture of depreciation with regard to the capital gains on the sale of a rental property?

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I rent out part of my home- I am prompted to enter my mortgage interested in the rental section as well as my personal deductions. Is this correct?

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If I have rental property in Colorado and live in Virginia do I need to file Colorodo state tax return?

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I am at the mortgage deduction summary and it says not to include my rental yet I just completed that information. Rental and home (duplex) only mortgage I have....?

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If I had work performed on my rental unit in 2018, but my payment was not processed until 2019, can I deduct that amount on my 2018 taxes?

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Where do I add home improvement to rental property so that I could depreciate it?

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1099b sales of stocks and bonds rolled into another investment account

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Can I deduct interest payments I am paying my parents on a unsecured promissory note with a standard interest rate & is lawyer drafted used to purchase a rental property?

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I purchased a rental property and it has a detached garage and another shed. Do I list these buildings as assests and depreciate them?

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How do I not take the $3000 Capital Loss Carryover

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Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Online